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Accession Number
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PB2013-102361
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Title
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Financial Audit: IRS's Fiscal Years 2012 and 2011 Financial Statements.
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Publication Date
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Nov 2012
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Media Count
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109p
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Personal Author
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N/A
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Abstract
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In accordance with the authority granted by the Chief Financial Officers Act of 1990, GAO annually audits the financial statements of IRS to determine whether (1) the financial statements are fairly presented and (2) IRS management maintained effective internal control over financial reporting. GAO also tests IRS's compliance with selected provisions of significant laws and regulations and its financial systems' compliance with FFMIA. IRS's tax collection activities are significant to overall federal receipts, and the effectiveness of its financial management is of substantial interest to Congress and taxpayers. In accordance with the authority granted by the Chief Financial Officers Act of 1990, GAO annually audits the financial statements of IRS to determine whether (1) the financial statements are fairly presented and (2) IRS management maintained effective internal control over financial reporting. GAO also tests IRS's compliance with selected provisions of significant laws and regulations and its financial systems' compliance with FFMIA. IRS's tax collection activities are significant to overall federal receipts, and the effectiveness of its financial management is of substantial interest to Congress and taxpayers.
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Keywords
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Auditing
Compliance
Financial management
Financial statements
Internal controls
Laws
National government
Procedures
Regulations
Reporting requirements
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Source Agency
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General Accounting Office
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NTIS Subject Category
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70F - Public Administration & Government
70B - Management Practice
96 - Business & Economics
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Corporate Author
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Government Accountability Office, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1303
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Contract Number
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N/A
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